I suspect someone knows exactly what the fed is going to say and do today. Naz 100 is setting another record. Can it drag the SP500 AND DOW along. Seems to be a struggle today.
Record unemployment, record stock market....yet fed funds rates still at crisis levels....unbelievable. We should be at 4-5% at this point in the cycle....distortions all over the place.
So it’s eye-catching, then, that Gundlach reiterated in a webcast on Tuesday his call that the 10-year Treasury yield would rise to 6 percent by 2020 or 2021. “We’re right on track” for that, he said. As a reminder, that would be the highest yield since 2000. --------- --------- 5 Year German bonds: -0.148% Somebody is really wrong here.